The Dow's "biggest surge since March" failed to carry above the 20-DMA on Monday. Today, they'll try again, with money flow sell signals in place, and money flow generally negative. Markets may be locked-in to another period of consolidation. Typically, when sell signals combine with negative money flows, the stage is set for corrective action--not necessarily big--and a set up for another rally. Now through the first third of the signal, there's more work to be done. This doesn't mean a 5- to 10% correction immediately; with liquidity still entering the markets, we may see a gyration as markets work-off of the over-bought positions. Upside remains limited, and markets are still set up for bigger correction later in the Summer. 3 Minutes on Markets and Money hosted by RIA Advisors Chief Investment Strategist, Lance Roberts _________ ➢ Watch The Real Investment Show LIVE every morning on our Youtube Channel: www.youtube.com/c/TheRealInvestmentShow ➢ Listen to The Real Investment Show every morning on Apple Podcasts: https://podcasts.apple.com/us/podcast/the-real-investment-show-podcast/id1271435757 ➢ RIA Newsletter: Subscribe to our free newsletter for market updates, analysis, financial tools and more: https://realinvestmentadvice.com/newsletter/ ➢ RIA Pro: 30 Day Free Trial: Sign up for in-depth analysis, research, portfolio models, and more: https://riapro.net/homeand more: https://riapro.net/home ➢ Financial Survival Guides: Free must-have finance and tax planning strategies in unprecedented times: https://realinvestmentadvice.com/financial-survival-guides/ _________ ➢ REGISTER for our next Lunch & Learn on Long Term Care [June 24, 2021 at 12pm CT]: https://zoom.us/webinar/register/8016208387258/WN_swKrCtWJQ5KzeYUk-g8zTw _________ GET IN TOUCH: Visit our Site: www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN SOCIALS: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #3MinutesOnMarketsAndMoney #LanceRoberts #TheRealInvestmentShow |
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